How to Create a Protected Pay

In this guide, you will learn how to create a Protected Payment in LiquidTrust.

1. Go to Your Dashboard

From your Dashboard, you can create a Protected Payment in two ways.

Go to Your Dashboard

2. Choose from Dashboard

From the Dashboard, click Send or Request Payment.

Choose from Dashboard

3. Choose Type of Payment

Then select Protected Pay.

Choose Type of Payment

4. Left Navigation Panel

Alternatively, from the left navigation panel, click the Protected Pay icon.

Left Navigation Panel

5. Send or Request Payment

Then click Send or Request Payment at the top right.

Send or Request Payment

6. Ensure You're Connected

To send or request any type of payment, you must first be connected with the payor or payee as a business contact. If you aren't already connected with them, you or the other business must send and accept a connection invitation first. You won't be able to send or request payment otherwise. For more details, see the article titled "How do I Invite Another Business to Pay or Get Paid by Them?" If you are already connected with that business, you can select them from your contacts list on this page.

Ensure You're Connected

7. Provide the Purpose of Payment

Next, select the Purpose of Payment from the dropdown list. The options available will depend on the country in which the payee's default payment method is located.

Provide the Purpose of Payment

8. Click "Name This Payment"

Assign a name to the payment.

Click 'Name This Payment'

9. Click "Save and Continue"

Save the entered information and proceed.

Click 'Save and Continue'

10. Enter the Payment Amount

Then specify the payment amount.

Enter the Payment Amount

11. Reason for Payment

Then, in the Description field, describe what the Protected Payment is for.

Reason for Payment

12. Click "Deliverables"

Define the expected deliverables or the release conditions for the payment (that is the steps the payee will agree to take in order for funds to be released).

Click 'Deliverables'